Ratan Tata’s largest company has brought good news for the youth of the country. Tata Consultancy Service, the largest IT service provider in the country, is reported to be providing thousands of jobs to freshers in the current financial year. This decision has come at a time when the IT sector in the country and the world is undergoing major changes. Earlier, in the June quarter, i.e. in three months, the company had increased its workforce, employing more than 5,000 people. Let us also tell you what kind of decision TCS has taken.
TCS will give so many jobs
Tata Consultancy Services will provide employment to 40,000 freshers in the current financial year. This means that the company will employ around 110 new employees every day. This news is considered very important for the youth of the country. This decision by TCS has come at a time when the issue of unemployment is very much on the agenda among the youth of the country. If experts are to be believed, other IT companies in the country might announce jobs for freshers in the coming days.
It provided work for about 61 people every day.
If we talk about the first quarter i.e. from April to June, TCS has been employing around 61 people every day. According to the data, Tata Consultancy Services i.e. TCS employed 5,452 employees in the June quarter. After which the total number of employees in the company has increased to 6,06,998. Continuing with its recruitment drive, the company is planning to hire around 40,000 new employees in the current fiscal year.
Addressing concerns about the impact of AI on employment, Milind Lakkad, CHRO, TCS, said that technology reshapes the work scenario. TCS has increased the salary from 4.5 per cent to 7 per cent. In which those who perform well will get a hike of 10 to 12 per cent. Lakkad said that around 70 per cent of the work is done from the office. India’s IT sector is continuously developing.
Slight drop in the company’s shares.
If we talk about the shares of TCS, they closed with a slight decline on July 15. According to the data, after the market closed, the shares of the company closed at Rs 4,168 with a decline of Rs 16.90. However, during the trading session, the shares of the company also touched the day’s high of Rs 4,237.05. A day earlier, i.e., on Friday, the shares of the company were trading at Rs 4,184.90. While on Monday, the shares of the company opened with a rise of Rs 4,225.60.
